Dividend Growth Stock Overview: Eaton Vance Corporation

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About Eaton Vance Corporation

Eaton Vance Corporation, headquartered in Boston, Massachusetts, is an international money manager with nearly $300 billion in assets under management.  The company dates back to the founding of asset management company Eaton & Howard in 1924.  In 1979, asset management company Vance, Sanders & Company acquired Eaton & Howard and in 1990 the combined company changed its name to Eaton Vance Management.

Eaton Vance initially focused on open-end mutual funds and investment advisory services to high-net-worth clients.  Over the last 25 years, the company has expanded to include a wide array of products and services including closed-end and private funds, and retail managed accounts.  The top three investment products that contribute to Eaton Vance assets are institutional accounts (about 40% of total assets), open-end funds (30%) and retail managed accounts (10%).  Eaton Vance provides products and services across all asset types.

The company markets its products in the United States through a variety of distribution channels including registered investment advisors, banks, and national and regional broker-dealers.  A 3rd party distributor represents Eaton Vance in the Middle East and throughout the rest of the world the company uses sales representatives to market its investment products.

The company is a member of the S&P Mid Cap 400 index and S&P’s High Yield Dividend Aristocrats index, and trades under the ticker symbol EV.

Eaton Vance’s Dividend and Stock Split History

Eaton Vance has increased its dividend payout year-over-year since 1981.  For the last two decades, Eaton Vance has increased the dividend in the 4th quarter, announcing the increase in mid-October about two weeks ahead of the ex-dividend date at the end of October.

Eaton Vance has compounded its payout at an average rate of 8.1% over the last 5 years and 9.9% over the last 10 years.

Since beginning its record of annual dividend increases, Eaton Vance Corporation has split its stock 2-for-1 five times.  The first split occurred in December 1992 and subsequent splits occurred in May 1997, September 1998, November 2000, and most recently in January 2005.  A single share of stock purchased prior to December 1992 would have split into 32 shares.

Eaton Vance’s Direct Purchase and Dividend Reinvestment Plans

Eaton Vance does not have a direct purchase or dividend reinvestment plan. In order to invest in Eaton Vance stock, you’ll need to purchase it through a broker. Most brokers will allow you to reinvest dividends without any fee. Ask your broker for more information on how to set this up if you are interested.

Helpful Links

Eaton Vance’s Investor Relations Website

Current quote and financial summary for Eaton Vance Corporation (finviz.com)

 

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